How to buy Parallel (PAR)

How to buy and use Parallel (PAR)

Parallel (PAR) is a decentralized, overcollateralized stablecoin pegged to the Euro. Issued by the Mimo protocol, it is designed to be multi-chain and is backed by a variety of collaterals, including productive and decentralized assets.

Users typically use PAR to generate yield, provide liquidity, or use the token as collateral in financial transactions. Because it is an asset-backed stablecoin, its stability depends on the value and availability of the collaterals held by the protocol.

Where PAR is available

PAR can be acquired through several centralized and decentralized venues. Availability and KYC requirements vary by country.

Centralized exchanges with verified market pairs include:

• Uniswap v4 (Robinhood) (ETH/PAR)
• Uniswap v2 (PAR/USDC)
• HitBTC (PAR/BTC)
• Gleec BTC (PAR/USDT)

Decentralized exchanges (DEX) providing liquidity for PAR on the Ethereum network include:

• Uniswap (PAR/USDC)
• Balancer (PAR/WETH and PAR/USDC)

Network and redemption caveats

PAR operates on the Ethereum platform. The verified contract address is 0x68037790A0229e9Ce6EaA8A99ea92964106C4703. Users should verify this address via the official Parallel explorer or the official website before initiating any transfers.

Deposit and withdrawal support for the exchanges listed above is not verified. It is a common mistake to assume that an exchange listing automatically means that deposits and withdrawals are enabled for a specific network. Always check the exchange deposit page for network compatibility before sending funds.

Custody, depeg, and issuer risks

As a stablecoin, PAR carries specific risks related to its peg and the protocol issuing it.

• Depeg risk: While PAR is overcollateralized, any significant drop in the value of the underlying collateral or a failure in the Mimo protocol's mechanism could cause the token to lose its peg to the Euro.
• Contract risk: Users must ensure they are interacting with the correct contract. Using a lookalike address or the wrong network can lead to a total loss of funds.
• Issuer risk: The stability of PAR is tied to the Mimo protocol. Users can inspect the implementation activity via the official source code.
• Custody: For those moving PAR off exchanges, self-custody requires a wallet that supports the Ethereum network.

Sources and methodology

The routing information in this guide comes exclusively from verified market-pair rows in our database. We use web research and official project documentation for background and risk context. Information from CoinMarketCap pages is treated as low-confidence context and is not used as proof of liquidity or contract safety. Live market values, such as price and volume, are omitted because they change too frequently to remain accurate in a static guide.